CKE Restaurants Inc. (CKR)

CKE Restaurants franchises quick-service restaurants in the United States operating primarily under the Carl's Jr. and Hardee's names. During the past 12-month period, stock price has declined 160% with price action bounded by the 50-day MA. A recent breakout from the declining trendline should see price action targeting Fibonacci extension levels. Stop-loss: close below 50-day MA. Fast food shares mostly rise after McDonald's reports strong same-store sales for May: http://biz.yahoo.com/ap/080609/fast_food_sector_snap.htm